MARZETTI COMPANY/THE (MZTI) Stock Technical Analysis
NASDAQ:MZTI • US5138471033
Overall MZTI gets a technical rating of 1 out of 10. MZTI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than MZTI.
- MZTI is one of the lesser performing stocks in the Food Products industry. 95% of 88 stocks in the same industry do better.
- In the last month MZTI has a been trading in the 152.17 - 176.26 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
MZTI has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
152.96
When analyzing the support we notice one important area.
- A support zone ranging from 154.50 to 154.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 163.81 to 165.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 169.41 to 174.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MZTI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MZTI is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | MZTI has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MZTI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MZTI is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.02 | NEUTRAL | The RSI value for MZTI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.41 | NEGATIVE | The MACD value suggests MZTI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.88 | OVERSOLD | The low Stochastics value suggests MZTI may be oversold. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for MZTI suggests some volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for MZTI suggests a weak or negative trend. |
156.1
+0.98 (+0.63%)
MARZETTI COMPANY/THE / MZTI FAQ
What is the ChartMill technical rating of MARZETTI COMPANY/THE (MZTI) stock?
ChartMill assigns a technical rating of 1 / 10 to MZTI.
What is the current trend direction of MARZETTI COMPANY/THE (MZTI) stock?
The current trend direction for MARZETTI COMPANY/THE (MZTI) is Bullish.
What is the RSI signal for MARZETTI COMPANY/THE (MZTI) stock?
MARZETTI COMPANY/THE (MZTI) has an RSI value of 36.0186. This indicates that the stock is currently neutral.
What is the short term momentum for MZTI stock?
The short term momentum for MARZETTI COMPANY/THE (MZTI) is negative.
What are the support and resistance levels for MARZETTI COMPANY/THE (MZTI) stock?
MARZETTI COMPANY/THE (MZTI) has a support level at 154.73 and a resistance level at 163.81. Check the full technical report for our detailed analysis of MZTI support and resistance levels.